China Valves Technology (CVVT) 8-K Entry into a Material Definitive Agreement

Exhibit 10.1

ASSET PURCHASE AGREEMENT

Party A: Taizhou Taide Valve Co. Ltd.

Party B: Taizhou Wote Valve Co., Ltd.

Whereas Party B does not have an established market for its products and is about to cease operation, upon friendly consultation, Party B agrees to sell all of its tangible assets (in-kind assets) to Party A and coordinate with Party A for production and sales service, the parties hereby reach the following agreement:

1.   The parties have hired an evaluation agency to evaluate Party B’s current assets (net value).

2.   Based on the evaluation, Party A agrees to purchase Party B for a cash consideration of $3 million.

3.   Party B is responsible for its own credits, debts and liabilities.

4.   Party B shall unconditionally coordinate with Party A in connection with production, operation and employee placement.

5.   Party B shall unconditionally transfer all of its customers to Party A. Party B shall not engage in valve manufacturing for five years.

6.   Party B shall unconditionally coordinate with Party A to transfer its assets. Party A shall bear all related expenses.

This agreement is made in two counterparts with Party A and Party B each holding one copy.  Each counterpart has equal legal effect.

Party A: Taizhou Taide Valve Co., Ltd. /s/ legal representative February 15, 2009 Party B: Taizhou Wote Valve Co., Ltd. /s/ legal representative February 15, 2009